• Payment summaries

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    You must record back payments on your payee’s payment summary. What payment summary you use depends on whether the back payments relate to a superannuation income stream. Use:

    Find out more

    For more information about payment summaries, refer to PAYG payment summaries and guidelines.

    End of find out more

    How do you complete the individual non-business payment summary?

    For payments accrued in the current financial year include the total:

    • gross amount of all payments at ‘Gross payments’
    • amount withheld at ‘Total tax withheld’.

    Salary and wage income accrued before the current financial year

    For one or more payments that were accrued in a prior financial year, but not more than 12 months before the date of payment include the total:

    • gross amount of the payments at ‘Gross payments’
    • amount withheld at ‘Total tax withheld’.

    For one or more payments that were accrued more than 12 months before the date of payment that were each less than $400, include the total:

    • gross amount of the payments at ‘Gross payments’
    • amount withheld at ‘Total tax withheld’.

    For one or more payments that were accrued more than 12 months before the date of payment that were each $400 or more, include the total:

    • gross amount of the payments at ‘Lump sum E’
    • amount withheld at ‘Total tax withheld’.

    Other amounts accrued before the current financial year3

    For one or more payments that were accrued in a prior financial year that were each less than $400, include the total:

    • gross amount of the payments at ‘Gross payments’
    • amount withheld at ‘Total tax withheld’.

    For one or more payments that were accrued in a prior financial year that were each $400 or more, include the total:

    • gross amount of the payments at ‘Lump sum E’
    • amount withheld at ‘Total tax withheld’.

    Payee letter

    You must also provide your payee with a letter specifying the financial years over which the amount accrued and the gross amount that accrued each financial year.

    How do you complete the superannuation income stream payment summary?

    For payments accrued in the current financial year, include:

    • the component amounts at both
      • ‘Taxable component’ (both taxed and untaxed elements if applicable)
      • ‘Tax-free component’
       
    • the amount withheld at ‘Total tax withheld’.

    For payments accrued prior to the current financial year, include:

    • the component amounts at both
      • ‘Lump sum in arrears – taxable component’ (both taxed and untaxed elements if applicable)
      • ‘Lump sum in arrears – tax-free component’
       
    • the amount withheld at ‘Total tax withheld’.

    Payee letter

    You must also provide your payee with a letter specifying the financial years over which the amount accrued and the gross amount that accrued each financial year.

    How do you complete the foreign employment payment summary?

    If the payment of salary and wage income accrued in the current financial year, include the total:

    • gross amount of all payments at ‘Gross payments’
    • amount withheld and paid to a foreign tax jurisdiction (if applicable) at ‘Foreign tax paid’
    • amount withheld for Australian tax purposes at ‘Total Australian tax withheld’.

    If one or more payments of salary and wage income were accrued in a prior financial year, but not more than 12 months before the date of payment that were each less than $400, include the total:

    • gross amount of the payments at ‘Gross payments’
    • amount withheld and paid to a foreign tax jurisdiction (if applicable) at ‘Foreign tax paid’
    • amount withheld for Australian tax purposes at ‘Total Australian tax withheld’.

    If one or more payments of salary and wage income were accrued in a prior financial year, but not more than 12 months before the date of payment that were each $400 or more, include the total:

    • gross amount of the payments at ‘Lump sum E’
    • amount withheld and paid to a foreign tax jurisdiction (if applicable) at ‘Foreign tax paid’
    • amount withheld for Australian tax purposes at ‘Total Australian tax withheld’.

    Payee letter

    You must also provide your payee with a letter specifying the financial years over which the amount accrued and the gross amount that accrued each financial year.

    3 Refer to What other payments should you use this tax table for?
    Last modified: 29 Oct 2013QC 34732